Table of Contents
What will IBM do with Red Hat?
Briefly, IBM will acquire all of the issued and outstanding common shares of Red Hat for $190,00 per share in cash, representing a total enterprise value of approximately $34 billion. IBM preserves Red Hat’s independence and neutrality, and this will enable IBM to become one of the largest hybrid cloud providers.
Does Red Hat operate independently from IBM?
Red Hat will operate as a distinct unit within IBM. It will report as part of IBM’s Cloud and Cognitive Software business, but it will remain independent. Red Hat will also keep its existing facilities, brands, and its unique open organization leadership style.
Can Red Hat save IBM?
This doesn’t mean that IBM can’t afford to buy Red Hat. Clearly, it can. However, as with anyone who takes on a massive debt, it will restrict IBM’s future options.
What are the strategic motives that determined IBM to acquire Red Hat?
IBM wanted Red Hat for it’s development of what is the world’s largest portfolio of open source technology; a hybrid cloud platform and a vast open-source developer community. Together, the two companies effectively become the world’s leading hybrid multi-cloud provider.
What does IBM buying Red Hat mean?
IBM says (over and over again) buying Red Hat “changes everything about the cloud market” and means “IBM will become the world’s #1 hybrid cloud provider”. Those are bold claims from a company that has failed to deliver on every big promise it has made in the 21st century.
What is Red Hat IBM?
Red Hat, Inc. is an American IBM subsidiary software company that provides open source software products to enterprises. On October 28, 2018, IBM announced its intent to acquire Red Hat for $34 billion. The acquisition closed on July 9, 2019.
Who bought Red Hat?
IBM’s
IBM’s massive $34 billion acquisition of Red Hat closed a few weeks ago and today, the two companies are now announcing the first fruits of this process. For the most part, today’s announcement furthers IBM’s ambitions to bring its products to any public and private cloud.
What is IBM Red Hat?
Who bought Red Hat Linux?
IBM
Red Hat officially acquired by IBM.
Why is Red Hat called Red Hat?
The name Red Hat came from Ewing’s experience in his college computer lab. He would wear his grandfather’s red Cornell lacrosse cap, and people would say, “If you need help, look for the guy in the red hat.” When Ewing started distributing his own curated version of Linux, he chose Red Hat as the name.
What does IBM’s acquisition of Red Hat mean for the market?
“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. “IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.
Are IBM and Red Hat committed to the freedom of open source?
In addition, IBM and Red Hat will remain committed to the continued freedom of open source, via such efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.
How can IBM and Red Hat accelerate hybrid multi-cloud adoption?
IBM and Red Hat will be strongly positioned to address this issue and accelerate hybrid multi-cloud adoption. Together, they will help clients create cloud-native business applications faster, drive greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management.
Why is IBM’s $19 billion hybrid cloud business doing so well?
These innovations have become core technologies within IBM’s $19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization.